P/E ratio for Indian Overseas Bank (IOB.NS)
P/E ratio as of April 2024 (TTM): 67.8
According to Indian Overseas Bank 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 67.7874. At the end of 2022 the company had a P/E ratio of 37.7.
P/E ratio history for Indian Overseas Bank from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 37.7 | 47.37% |
| 2021 | 25.6 | 224.85% |
| 2020 | 7.87 | -854.85% |
| 2019 | -1.04 | 13.57% |
| 2018 | -0.9177 | -47.76% |
| 2017 | -1.76 | 4.82% |
| 2016 | -1.68 | -31.24% |
| 2015 | -2.44 | -94.2% |
| 2014 | -42.0 | -371.48% |
| 2013 | 15.5 | 168.94% |
| 2012 | 5.76 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.